Federal Minister for Energy Muhammad Hammad Azhar said Pakistan has witnessed a growth of 20% in demand for electricity this year, of which industrial demand has remained above 12-13%.
During a meeting with US Embassy Chargé d’affaires Lesslie Viguerie, Azhar said that the increase in demand was a positive sign not only for the overall economy but also for the energy sector as it boosted the confidence of investors.
Azhar told the US envoy that due to the prudent policies and effective measures undertaken by the government, the growth of circular debt had been reduced by Rs200 billion this year as compared to the previous year.
The federal minister also spoke about the approximate $800 million investment that Pakistan had made in the expansion and improvement of transmission and distribution system in two and a half years, which led to the record transmission of more than 4,000 megawatts this year.
